134
134
Mar 18, 2013
03/13
by
CNBC
tv
eye 134
favorite 0
quote 0
eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is roughly two-thirds of exxon mobil's capital spending. >> there are people who have missed this move, people who missed it for 6,000 point, 3,000 points and they will point out that is irrelevant, the size of the gdp and this is the next big thing and people will tell you you ought to take your money out of j.p. morgan chase. these are people who have a terrific motive. they have got to catch up with the averages. at the same time, stocks are pretty extended so it's a great excuse. i was going use the fed as a great excuse, but now we have cyprus. i
eight times the side of the economy. if you look at the size of the bailout needed it is unprecedented. eig italy and spain don't even come close to the bank bailout. we used to think spain might need a bailout of 10% of gdp for its banks. can you imagine, that's huge. in cyprus is we're talking 60% of gdp so it's outsized. >> michelle caruso-cabrera, thanks so much for that. 60% of it relies on its banking system and 30% of its deposits are from non-uri on countries. >> it is...
225
225
Mar 25, 2013
03/13
by
CNBC
tv
eye 225
favorite 0
quote 1
right now i think the economy is sort of drifting along. i think there is fits and spurts but i think everybody is preparing for the future at this point. >> in terms of your own specific business, college trends, demographics, admission rates. >> yeah. >> some positive, some negative? >> three years ago was sort of the peak of the number of students that were going to college so the demographics have changed. the challenges still remain, however, which is college tuition has gone up. seats in classes have gone down. so there's an increased push in something everyone in the state of mississippi which i love, they're one of the ones push for accepting online courses with accredit tags. the reason for that is if you're one of these, for example, the california state school which are excellent schools you can't get into a 101 class. it's going to take you five years to graduate instead of four, it's more money. why t not take it online to get credit for it. there's so much transformation going on i think the next three or four years are going
right now i think the economy is sort of drifting along. i think there is fits and spurts but i think everybody is preparing for the future at this point. >> in terms of your own specific business, college trends, demographics, admission rates. >> yeah. >> some positive, some negative? >> three years ago was sort of the peak of the number of students that were going to college so the demographics have changed. the challenges still remain, however, which is college...
127
127
Mar 21, 2013
03/13
by
CNBC
tv
eye 127
favorite 0
quote 0
economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for millions. it has transformed the way people communicate so what could twitter do in the next seven years? tweet us @squawkstreet. >>> the market is accelerating downward, now down 67 points. let's get a "market flash" from josh back at hq. >> juniper networks is under pressure this morning. analysts at fbr not fans saying we are the end of an era as routers and switches are set to decline. fbr downgrades juniper and cisco toeon perform. the company's fbr sa
economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just...
153
153
Mar 20, 2013
03/13
by
CNBC
tv
eye 153
favorite 0
quote 0
>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i think they're going to be comfortable because core inflation is 1.5% year on year. >> i think there's a possibility of more dovish. we're not sure that the data is sound. maybe there will be giveback in the spring and if he starts mentioning the sequester and the need to hang in there with full force, that, ironically, could be very positive for this market. >> absolutely. i think his statements today, the press conference will be very dovish. he can point to downside risks and lump cyprus into that scenario and maintain this easy stance. t
>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i...
156
156
Mar 19, 2013
03/13
by
CNBC
tv
eye 156
favorite 0
quote 0
i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple. >> because of europe, i think multiples are ephemeral things. they sort of come and go and it's what we think at any given time. earnings are earnings >> in terms of the sectors that will lead us to 2000. by the way, i'm curious, how often do you make projects that go so far and how often are they close to reality? >> i changed them by the time we get there. >> oh, good man. to be honest it's not that far. it's the end of next year and it's not a seven-year projection and we are pushing it to get there. it's a symbolic thing and we're trying to show that the marke
i don't see an economy that's a world economy that is growing. it could generate easily 5% to 6% earnings growth given what we've cut to the bone in corporations. >> the economy has nothing to do with it stipes. we still aren't doing efficiencies put in place. earnings were supposed to stop growing and they have not stopped growing and we're still surprised on bounce and there's still an upward slope on forward earnings expectations and my guess is it will be more right in the multiple....
238
238
Mar 26, 2013
03/13
by
CNBC
tv
eye 238
favorite 0
quote 1
the economy is on stable ground. we've changed the conversation, as you know, simon from a double dip and a weak economy to one that's gaining momentum here and what we will likely see going forward as we continue to see gains in housing, energy, manufacturing and all positive in this environment catching up. so company, you see some of the dealmakers and m & a activity will be very strong and cash on balance sheets is becoming a liability here and i think companies are looking to see what they can do and return it to shareholders is just one component of that. >> michelle, there's a note out overnight from goldman in which they argue that the unemployment in the company is cyclical. if you can get the economy revving fast enough it is possible to reverse this. would you agree with them? >> i think there are structural elements to it, so i think that nehru or the steady state unemployment rate is higher than it was prior to the crisis, but i would agree that there are cyclical components, and if we stimulate enough c
the economy is on stable ground. we've changed the conversation, as you know, simon from a double dip and a weak economy to one that's gaining momentum here and what we will likely see going forward as we continue to see gains in housing, energy, manufacturing and all positive in this environment catching up. so company, you see some of the dealmakers and m & a activity will be very strong and cash on balance sheets is becoming a liability here and i think companies are looking to see what...
150
150
Mar 22, 2013
03/13
by
CNBC
tv
eye 150
favorite 0
quote 0
the economy is going better. the boom in collectibles goes far beyond art and cars and things we talk about usually. comic books selling typically for $1 million or more for the prized batman and spider man. so this reaches way beyond the usual categories. >> it's anything of limited supply that you cannot go back. why is it called a jumbo? >> i i think because it's in perfect condition front and back, graded five or higher. there are only three of these. it's unclear what it will sell for. the last one sold during the heat of the fm crisis. again in the seven figures. this one is already up to 1.4. bidders have a chance to bid on this thing. it will probably gost past $3 million. zl come back and let us know how it goes. >> i will, i will. >> scott, thank you very much. >> it's been a pleasure. it's been real fun. >> thank you very much. we'll see you at the halftime report. if you're just tuning in good morning. this is what you've missed so far. >> welcome to hour three of "squawk on the street." here's what's
the economy is going better. the boom in collectibles goes far beyond art and cars and things we talk about usually. comic books selling typically for $1 million or more for the prized batman and spider man. so this reaches way beyond the usual categories. >> it's anything of limited supply that you cannot go back. why is it called a jumbo? >> i i think because it's in perfect condition front and back, graded five or higher. there are only three of these. it's unclear what it will...